TIL Desk/Business/New Delhi/ The government’s recent decision to cut corporate tax rates is a bold measure and augurs well for the economy, Reserve Bank of India Governor Shaktikanta Das said on Tuesday.
“It is a very bold measure and it is a highly positive step. India’s corporate tax now becomes very competitive compared to other emerging market economies in ASEAN and other parts of Asia,” he said while talking to reporters.
“So far as international investors are concerned, I think India definitely stands in a very competitive position and will be able to attract higher investments,” said Das. He added that lower corporate tax will leave domestic companies with more cash to undertake fresh capital expenditure.
